U.S. crude extends losses, down $1 at $97.08 per barrel

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U.S. crude extended losses on Tuesday, falling $1 at $97.08 per barrel, following Brent crude oil down after the European benchmark touched its lowest level in nine months.

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The International Energy Agency said earlier that supplies were ample and the Atlantic Basin was even reported to be facing a glut. (Reporting by Jessica Resnick-Ault in New York; Editing by Jeffrey Benkoe)